Segment Wealth Management LLC Reduces Stake in Cameco Corporation $CCJ

Segment Wealth Management LLC reduced its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 2.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,980 shares of the basic materials company’s stock after selling 170 shares during the period. Segment Wealth Management LLC’s holdings in Cameco were worth $444,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CCJ. Trust Co. of Vermont lifted its stake in shares of Cameco by 1,029.4% in the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 350 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Cameco in the 2nd quarter valued at $30,000. Atticus Wealth Management LLC acquired a new position in shares of Cameco in the 2nd quarter valued at $34,000. Manchester Capital Management LLC lifted its stake in shares of Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. Finally, Dagco Inc. acquired a new position in shares of Cameco in the 1st quarter valued at $28,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Price Performance

CCJ opened at $84.33 on Friday. The stock’s 50-day moving average price is $78.70 and its 200 day moving average price is $64.36. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $89.13. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The firm has a market cap of $36.72 billion, a price-to-earnings ratio of 96.93 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.22. The firm had revenue of $467.72 million for the quarter, compared to analyst estimates of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.Cameco’s revenue was up 46.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on CCJ shares. TD Securities reaffirmed a “buy” rating on shares of Cameco in a research note on Tuesday, August 5th. Sanford C. Bernstein set a $70.00 price target on Cameco and gave the company an “outperform” rating in a research note on Tuesday, June 10th. National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a research note on Friday, August 22nd. The Goldman Sachs Group upped their price target on Cameco from $65.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, June 11th. Finally, UBS Group set a $102.00 target price on Cameco in a research note on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $89.55.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.